971 Cassat Ave
Jacksonville, FL 32205
Murray Hill
HIGHLIGHTS
- NNN Lease: Ideal investment for a passive investor.
- Annual Rent Increases: The lease features 3.00% annual rental increases throughout the base term and 2.00% annual increases during the option periods
- Long Term Lease: 11.5-year initial base term with +9 years remaining, coupled with two (2) additional five-year renewal options.
- Former Bank Building: This investment opportunity features a former bank building that has been successfully repurposed into a medical cannabis
- 4-Lane Drive-Thru: The property offers a significant competitive advantage with its fully equipped four-lane drive-thru
- Strong Corporate Guarantee/Multi-State Operator: This lease is backed by a strong corporate guarantee.
FOR SALE DETAILS
PRICE
$2,577,328 USD
PRICE/SF
$716 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Fluent Cannabis
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
ADD'L SUBTYPES
Bank, Drug Store, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
24
LAND DETAILS
LAND ACRES
0.75 AC
LAND SF
32,670 SF
ZONING
CCG-1
APN/PARCEL ID
062624-0000
ASK ABOUT THIS PROPERTY
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305-905-3215
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305-905-3215
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